If diversified goes under, I doubt it has enough in escrow to close all of those wells. Will the government allow it to use the money from the fine to close the leakiest wells as a compromise?
Yea, a company like Diversified that buys old wells really gets hit hard with this, while big companies that just drill new wells (and create new problems when the wells get old) have much less methane emission and don’t get penalized that much, if at all.
If diversified goes under, I doubt it has enough in escrow to close all of those wells. Will the government allow it to use the money from the fine to close the leakiest wells as a compromise?
Yea, a company like Diversified that buys old wells really gets hit hard with this, while big companies that just drill new wells (and create new problems when the wells get old) have much less methane emission and don’t get penalized that much, if at all.